Deseret Mutual Benefit Administrators Decreases Stake in Omnicom Group Inc. (NYSE:OMC)

Deseret Mutual Benefit Administrators lessened its stake in Omnicom Group Inc. (NYSE:OMC) by 6.2% in the second quarter, HoldingsChannel.com reports. The firm owned 2,251 shares of the business services provider’s stock after selling 149 shares during the quarter. Deseret Mutual Benefit Administrators’ holdings in Omnicom Group were worth $202,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Boston Trust Walden Corp raised its position in shares of Omnicom Group by 8.2% during the 2nd quarter. Boston Trust Walden Corp now owns 186,431 shares of the business services provider’s stock worth $16,723,000 after purchasing an additional 14,153 shares during the last quarter. Norden Group LLC purchased a new position in Omnicom Group during the first quarter worth $1,860,000. Kodai Capital Management LP acquired a new position in shares of Omnicom Group in the fourth quarter worth $27,419,000. Morningstar Investment Services LLC lifted its position in shares of Omnicom Group by 98.7% in the fourth quarter. Morningstar Investment Services LLC now owns 1,199,557 shares of the business services provider’s stock valued at $104,037,000 after acquiring an additional 595,746 shares in the last quarter. Finally, Mediolanum International Funds Ltd purchased a new stake in Omnicom Group during the 1st quarter worth about $1,534,000. Institutional investors and hedge funds own 91.97% of the company’s stock.

Insider Buying and Selling at Omnicom Group

In related news, Director Linda Johnson Rice sold 488 shares of the company’s stock in a transaction that occurred on Friday, July 19th. The stock was sold at an average price of $90.88, for a total transaction of $44,349.44. Following the sale, the director now directly owns 10,356 shares of the company’s stock, valued at approximately $941,153.28. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, Director Linda Johnson Rice sold 488 shares of the stock in a transaction dated Friday, July 19th. The shares were sold at an average price of $90.88, for a total transaction of $44,349.44. Following the sale, the director now owns 10,356 shares in the company, valued at $941,153.28. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Rochelle M. Tarlowe sold 3,000 shares of the business’s stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $99.17, for a total value of $297,510.00. Following the transaction, the vice president now owns 15,375 shares of the company’s stock, valued at approximately $1,524,738.75. The disclosure for this sale can be found here. 1.30% of the stock is currently owned by insiders.

Omnicom Group Stock Down 0.2 %

Shares of OMC stock traded down $0.21 during mid-day trading on Thursday, reaching $98.54. 43,957 shares of the company were exchanged, compared to its average volume of 1,563,540. The company has a debt-to-equity ratio of 1.31, a quick ratio of 0.81 and a current ratio of 0.93. The business’s 50 day simple moving average is $94.00 and its 200 day simple moving average is $93.06. The company has a market capitalization of $19.30 billion, a P/E ratio of 13.34, a P/E/G ratio of 2.36 and a beta of 0.94. Omnicom Group Inc. has a fifty-two week low of $72.20 and a fifty-two week high of $102.13.

Omnicom Group (NYSE:OMC) last announced its quarterly earnings data on Tuesday, July 16th. The business services provider reported $1.95 earnings per share for the quarter, topping the consensus estimate of $1.88 by $0.07. The company had revenue of $3.85 billion during the quarter, compared to analyst estimates of $3.83 billion. Omnicom Group had a net margin of 9.55% and a return on equity of 37.51%. The firm’s revenue for the quarter was up 6.8% compared to the same quarter last year. During the same period last year, the business earned $1.81 EPS. Research analysts predict that Omnicom Group Inc. will post 7.95 earnings per share for the current year.

Omnicom Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 11th. Investors of record on Friday, September 20th will be issued a $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 2.84%. The ex-dividend date is Friday, September 20th. Omnicom Group’s dividend payout ratio is currently 37.84%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on OMC shares. UBS Group raised their price objective on Omnicom Group from $117.00 to $120.00 and gave the stock a “buy” rating in a report on Thursday, July 18th. Macquarie restated an “outperform” rating and set a $110.00 target price on shares of Omnicom Group in a report on Wednesday, July 17th. One analyst has rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $104.70.

Omnicom Group Profile

Omnicom Group Inc, together with its subsidiaries, offers advertising, marketing, and corporate communications services. It provides a range of services in the areas of advertising and media, precision marketing, commerce and branding, experiential, execution and support, public relations, and healthcare.